BTC: Daily - Buying the dip

For those bullish on bitcoin and wanting to buy the dip, you now have a window of opportunity. It's unknown how much longer this will last, but HODLer's always win in this game. Ichimoku indicators are all bullish (white line above price, blue over red, and price above cloud.) There is no significant weak spots in the cloud (green shaded area). 40-45k seems to provide the best support areas with that being 50% and 61.8% retracement levels. These retracement levels also mean a longer consolidation period for dip buying. The regression trend (blue and red shaded area) is strong at 94.4% and shows that a correction will likely end around the bottom end of this channel. It also lines up with the bull trend line (thick blue) and should be monitored closely. Any big break on the downside of the cloud and bull trend line could indicate a move into a bear market.